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What is the AMGC Commercialisation Fund?
The AMGC Commercialisation Fund is a program that provides grants to Australian companies to commercialise new products and processes based upon already existing or new IP. The Commercialisation Fund is intended to fund later stage commercialisation, not early-stage research based programs. However, projects are still encouraged to include collaboration with research partners.
Background
The AMGC Commercialisation Fund is a program offered by the Australian government’s Advanced Manufacturing Growth Centre (AMGC) to support the commercialization of innovative manufacturing projects in Australia. The aim of the fund is to provide financial assistance to manufacturing companies to help them bring new products, processes or services to market, and to enhance their competitiveness in the global market.
The AMGC Commercialisation Fund provides grants of up to $1 million for projects that demonstrate a clear commercialization potential, including the development of new or improved manufacturing processes, products, or services. The program is open to all Australian manufacturers, from small businesses to large enterprises, and encourages collaboration between manufacturers and researchers.
Objectives
The objectives of the grant are to fund projects through AMGC Commercialisation Fund that:
- Commercialise new products and processes within the Australian manufacturing industry that are at the TRL 6 to 9
- Invest in Australian manufacturing projects that aim to transition a new product or process from the pilot/ prototype stage to full commercial operations.
The intended outcomes of the grant are:
- To increase the capability and competitiveness of Australian manufacturers under the six National Manufacturing Priorities: Food and Beverage; Medical Products; Resources Technology and Critical Minerals processing; Recycling and Clean Energy; Defence; and Space, through the implementation of new technologies
- To increase productivity and create jobs in the Australian manufacturing industry
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Funding
The amount to grantees will be up to 50 per cent of eligible project costs.
- The minimum grant amount is $100,000, and
- The maximum grant amount is $1,000,000
Grantees will contribute a minimum of 50% of eligible project costs as cash contributions. Grantees cannot fund their contribution from other Commonwealth, State, Territory or local government grant source, or use in-kind (non-financial)
contributions to match Commonwealth funding. Grantees must provide evidence of their ability to fund their contribution in their application.
Eligible Projects
To be eligible for the AMGC Commercialisation Fund, applicants must have a project that meets the following criteria:
- Has a strong focus on commercialization and market validation
- Has the potential to create new jobs and economic growth
- Demonstrates innovative manufacturing capability or technology
- Has the potential to enhance Australia’s manufacturing capability and competitiveness.
Eligible activities may include:
- Defence:
- Manufacture of products providing sovereign capability for Australia’s national defence requirements
- Food & Beverage:
- Manufacture of value added and innovative products and packaging used to process agricultural produce, from basic preparation to elaborately transformed or enhanced food or beverages, across the food and beverage manufacturing
value chain - Manufacture of value added and innovative products, ingredients and packaging which enhance the competitiveness of the local food and beverage industry
- Manufacture of value added and innovative products and packaging used to process agricultural produce, from basic preparation to elaborately transformed or enhanced food or beverages, across the food and beverage manufacturing
- Medical Products:
- Manufacture of innovative medical devices
- Development of innovative medical services
- Pharmaceuticals, medical technologies, and medical biotechnology
- Recycling:
- Advanced manufacturing processes for the recycling of waste plastic, paper, glass, food, water and tyres
- Manufacture of innovative machinery used to recycle waste materials
- Development of services that enhance recycling opportunities
- Clean Energy:
- Manufacturing of renewable energy products
- Manufacture of clean energy technologies and components
- Development of clean energy services
- Manufacture of products capable of using clean energy
- Manufacture of products or services that improve energy efficiency
- Resources Technology:
- Manufacture of products or services that improve the resources sector technology,competitiveness and sustainability
- Manufacture of resources industry products or services suitable for export
- Development of technologies to assist automation in the resources sector including autonomous mining, remote operations, and the use of digital technologies to provide greater safety and efficiency in the extraction and processing of resources.
- Critical Minerals Processing:
- Manufacturing of new critical mineral products in Australia e.g. lithium, cobalt, manganese, tantalum, tungsten, zirconium and rare earth elements and the manufacture of products using those refined materials and the manufacture
of equipment and technology to carry out these processes - Manufacturing pre-cursor materials for battery components
- Manufacturing battery powered mining equipment
- Manufacturing of new critical mineral products in Australia e.g. lithium, cobalt, manganese, tantalum, tungsten, zirconium and rare earth elements and the manufacture of products using those refined materials and the manufacture
- Space:
- Manufacture of products providing sovereign capability for the local space industry
- Development of infrastructure for the local space industry
- The manufacturing of items that are launched into space (rockets etc
- The manufacturing of associated components (including communications equipment and sensors, as well as products such as solid fuel or other consumables)
- The manufacturing and production of associated products and infrastructure, such as launch facilities or mission control/relay subsystems
Eligible Applicants
The AMGC Commercialisation Fund is open to all Australian manufacturers, from small businesses to large enterprises, who have a project that meets the program’s eligibility criteria. This includes companies involved in traditional manufacturing sectors as well as those engaged in advanced manufacturing technologies, such as robotics, artificial intelligence, and advanced materials.
To be eligible for the AMGC Commercialisation Fund, applicants must meet the following criteria:
- Be an Australian-based manufacturer or have significant operations in Australia.
- Be a registered business in Australia with an Australian Business Number (ABN).
- Have a strong focus on commercialization and market validation, and be able to demonstrate a clear path to market.
- Have a project that demonstrates innovative manufacturing capability or technology, and has the potential to enhance Australia’s manufacturing capability and competitiveness.
- Have a project that has the potential to create new jobs and economic growth.
Applicants must also be willing to collaborate with researchers, other manufacturers, and industry partners to develop and commercialize their project.
It’s important to note that the AMGC Commercialisation Fund is a competitive program, and not all eligible applicants will be awarded funding. The program prioritizes projects that have the greatest potential to drive economic growth, create jobs, and enhance Australia’s manufacturing capability and competitiveness.
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Timing
Applications close 30 June 2022.
